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The Economic Times
The Economic Times
Business
Akash Podishetti

JP Morgan moving closer to a milestone no bank has ever reached: A $1 trillion market value

Jamie Dimon JPMorgan JP Morgan United States

JP Morgan, which is currently valued at about $940 billion, is within striking distance of $1 trillion mark after a strong run in its shares. The stock has gained about 6% so far this year and is up around 20% over the past 12 months. A move past $1 trillion would place JPMorgan in a rare club mostly dominated by technology companies such as Tesla, Meta and Broadcom.

It would also show how far the bank has pulled ahead of its rivals under CEO Jamie Dimon, who has led the lender for nearly two decades.

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